Handelsbanken Fonder AB Increases Stake in Prologis, Inc. $PLD

Handelsbanken Fonder AB raised its position in Prologis, Inc. (NYSE:PLD) by 7.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 511,537 shares of the real estate investment trust’s stock after acquiring an additional 34,582 shares during the period. Handelsbanken Fonder AB’s holdings in Prologis were worth $69,298,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ares Financial Consulting LLC acquired a new position in shares of Prologis during the fourth quarter worth about $26,000. High Point Wealth Management LLC purchased a new position in Prologis during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis in the fourth quarter valued at about $27,000. SouthState Bank Corp lifted its position in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group lifted their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Citigroup upped their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird set a $140.00 price objective on Prologis in a research report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $138.73 on Tuesday. The firm has a market capitalization of $129.45 billion, a price-to-earnings ratio of 30.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50 day simple moving average is $143.26 and its 200-day simple moving average is $139.60. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $153.35.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.